Demo Forex Trading Contest - Result Mid Week 27/09
Master Forex Demo Forex Trading Contest
The mid-week performance of the participants of Demo Forex Trading Contest using Demo Account organized by Master Forex is as follows:
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Account Country Balance
1 4661971 Saudi Arabia 14 067
2 4658943 Indonesia 11 981
3 4662528 Kazakhstan 7 347
4 4662209 Kazakhstan 7 012
5 4658357 Malaysia 6 770
6 4661320 Indonesia 6 111
7 4661904 Vietnam 5 870
8 4662051 Iran 5 161
9 4661750 China 5 135
10 4662037 Iran 5 103
Leading the group is a contestant from Saudi Arabia with $14,067 in the balance. At a distance away is an Indonesian with a balance of $11,981 and in third place is a Kazakhstan with a balance of $7,347.
The Champion for last week Master Forex Demo Forex Trading Contest is a participant from Russia. The Runners up are from Egypt and Uzbekistan.
Prizes for the Master Forex Weekly Demo Forex Trading Contest
The prizes are as follows:
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1st. Prize : $100.00
2nd. Prize : $ 50.00
3rd. Prize : $ 25.00
Interested in the Master Forex Demo Forex Trading Contest ?
If you are interested to test your Trading Strategies or Forex Trading System you can register for the Demo Contest at the Master Forex website (Click the Master Forex banners).
The Rules of the Demo Forex Trading Contest are simple and standard:
* You register new Demo Account and wait nearest Monday. Then, begin trading and do your best to increase your balance. You can use any strategies or advisors you want to. We have no restrictions on the use of Technical Indicators and Expert Advisors.
*To take part in this competition you should register a new Demo Account in a special form. When it is ready, the Demo Account will be locked till the beginning of next week. On Monday 00-00 GMT+2 all accounts registered on the previous week will be unlocked automatically.
* On Friday evening all Demo Accounts participating in the Contest will be locked. The top 10 with the highest balances are the winners of the Contest for the week.
* The running result of the Demo Account Contest is constantly updated and displayed at Master Forex website.
* If you are one of the the winners, you can claim your Bonus by leaving a request in the trader’s office. The request should contain number of the Demo Account and a date of competition you took part.
* Kindly note that double accounts are forbidden and contestants with double Demo Accounts will be automatically disqualified.
* You must trade on the Demo Account according to the Customers Agreement.
* Bonus is credited to you real trading account, which you indicated during registration. You are not allowed to withdraw this Bonus. You can use this money for trading and thereafter you can withdraw your profit, but not the bonus itself.
* If we ascertain that you break the rules of the Contest you will be disqualified. Master Forex reserves the right to disqualify Contestants who does not observes the Rules Of the Contest.
Demo Account
Download Demo Account
The best way to learn forex trading is to start with a Demo Account or sometimes called a Practice Account. A Demo Account can be easily downloaded from Forex Brokers’ websites. It would allow potential traders to familiarize themselves with the trading platform. The trading platform could either be a Meta Trader 4 Forex Trading Platform or a customized web based platform..
Demo Account
The Demo Account would allow the trader to learn the basic functions of an online trading platform. The Forex Trader could gain better understanding of the transactions and the control of orders just like in a real life account. The trader can use the Demo Account to learn about execution of orders. Practice and familiarize themselves on the method of placing orders; instant execution or pending orders. It could be a buy or sell order and how to put a stop loss and take profit as well.
Demo Account of the Forex Trading Platform is the same system used in real trading accounts, except it’s a smaller file. The Demo Account just like the real live account comes with live quote, charts, online forex news and analysis. This would enable the trader to study, analyze and understand the fundamentals of forex trading under real trading conditions, the same conditions they would face when they trade with a real account.
Download Demo Account
The Demo Account could be used to test trading systems and trading strategies under the real market conditions. The Forex Trader could use the Indicators and Expert Advisors available with the trading platform or import new ones. There are no risks involved as Demo Accounts uses virtual money. It is free.
Demo Account vs Real Account
However, even though it is Demo Account, it is advisable to use it wisely. Use it to train yourself to be a good trader. My advice is when downloading the Demo Account download the amount of funds that is affordable by you. Treat the Demo Account like a real account. In this way you can practice to limit your orders or transactions and control your emotions. Use it to test your trading systems and money management principles.
New Demo Account
Most Forex Brokers will not allow you to use the Demo Account for life. There is a time limit. If you have breached the time limit delete all the Demo Account folders and reinstall a new Demo Account.
Download a Demo Account
Normally the Meta Trader 4 logo is used for the link to download the Demo Account. But in the case of Master Forex, the advertisements banners will lead you to their website and you can download the Demo Account from the website.
